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3503 - Castle Heights, Overbrook - Castleheights and Area
$749,900
Exceptional development opportunity in the heart of Castle Heights. Situated on a 60' x 111' lot and currently improved with a tenanted triplex providing holding income, this property offers compelling future redevelopment potential. A substantial rear concrete block building with high ceilings-larger than the existing residential structure-creates a rare opportunity for adaptive reuse or future development, subject to buyer due diligence and required approvals. Zoned N4B (buyer to verify), the property may support a variety of residential development concepts under Ottawa's evolving zoning framework. Located in a neighbourhood experiencing significant reinvestment and infill activity, this is an outstanding opportunity for builders, developers, and investors seeking both current income and long-term upside. AI renderings included for illustration purposes only. Buyers are advised to verify zoning, permitted uses, development potential, and all approvals required for their intended use.
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| Type | Detached |
| Style | 3-Storey |
| Approx. Age | Not available |
| Size | 2500-3000 sq. ft. |
| Property Tax | $5,546 |
| Lot Size | 60 ft x 112 ft |
| mls© Number | X13246548 |
| Listed By | RE/MAX DELTA REALTY TEAM |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
Could you afford this home?
What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $3,838
- Property tax
- $462
- Heat allowance
- $150
- Housing costs
- $4,451 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$137,000
gross annual household income
- Payment at 4%
- $3,156 / mo
- Cash down
- $149,980
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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